Token: Utility & Bridge Troll

LTO token utility model.

LTO exists as Mainnet coin, ERC-20 token and BEP2 token. The total supply is simply being split among different blockchains, where the bridges make the flows possible.

It’s the same LTO token, it just exists on different blockchains. Swap in-wallet, it's super easy.

  • Mainnet LTO tokens – for utility. This is where the magic happens. LTO mainnet has been live since January 2019 and is now ranked in the top-20 most used blockchains (Source: Blocktivity), with over 20K daily transactions. Mainnet LTO, the actual utility token, serves two purposes:

    • Transaction fees when you interact with the LTO blockchain whether it’s a normal transfer, an anchoring transaction, or something else.

    • Staking. By staking on a node, either by running it or leasing to it, you receive rewards for the blocks forged by that node proportionate to your stake. It’s a variation of Proof of Stake model.

  • ERC20 tokens – for liquidity. They are present on Ethereum and are intended for liquidity. Only the ERC20 tokens are directly tradeable. To trade mainnet LTO, one needs to make a bridge swap.

  • BEP2 tokens – for liquidity. They are present on Binance Chain and are also intended for the purposes of liquidity and act the same as ERC20 tokens.

There is no network inflation, mining rewards are the transactions fees paid by network users. They can be coming from normal transfers, but around 99% of them are anchoring transactions resulting from clients and integrators using LTO Network engines.

Extensive token paper mapping out the network incentives and token design process.

Companies that are not 100% familiar with blockchain or token markets do not need to concern themselves with acquiring tokens. Those with LTO tokens can lease out their tokens to XYZ for example , or XYZ can have tokens staked by their integrator. Of course, if clients want to buy tokens, they are free to do so. In any case, LTO tokens are used at all times — whether companies purchase or lease them. - Altcoin Magazine

More information on staking, mining, and network fees: